McPhy Energy Along with Consortium of European Partners Launch 39 Megawatt-Hour Grid Connected Renewable Energy Storage Project in Europe

Grenoble, France (ots/PRNewswire) -

McPhy Energy, a leading developer and manufacturer of solid state
hydrogen storage, today announced that the Company as part of a
consortium of 7 partners has successfully kicked off the INGRID
project, a major R&D and demonstration project with an overall budget
of 23.9M Euros. The project will be granted with a financial
contribution of 13.8M Euro by the European Commission within the
Seventh Framework Programme for European Research and Innovation and
will take four years to complete.

(Logo: http://photos.prnewswire.com/prnh/20120723/546191 )

Consortium members include Engineering Ingegneria Informatica, the
largest privately owned Italian ICT technology provider and
coordinator of this project, Agenzia per la tecnologia e
l'Innovazione (ARTI, Puglia, Italy), which represents the operational
arm of Puglia regional authority for the innovation and technology
transfer, Enel Distribuzione, Italy's largest electricity
distribution company, Hydrogenics (Belgium), the leading provider of
hydrogen generators, the French McPhy Energy SA a leader in
innovative technologies for solid and safe hydrogen storage, and the
research institutions Ricerca sul Sistema Energetico (RSE, Italy),
leader in research projects in the field of power generation,
transmission and distribution and TECNALIA (Spain).

The core innovation of the INGRID project will consist of
combining solid-state high-density hydrogen storage systems and
electrolysis with advanced ICT technologies for smart distribution
grids monitoring and control in a scenario of high penetration of
renewable energy sources in order to balance power supply and demand.

The consortium will design, build, deploy and operate a 39 MWh
energy storage facility using McPhy hydrogen-based solid state
storage and Hydrogenics electrolysis technology and fuel cell power
systems in the Puglia region in Italy, where over 3.500 MW of solar,
wind, and biomass are already installed. The hydrogen energy storage
installation, with more than 1 ton of safely stored hydrogen (the
largest ever built), including a novel fast responding 1.2 MW
hydrogen generator, will provide effective and smart balancing
support for the local grid managed by Enel Distribuzione. Several
potential value streams for the generated carbon-neutral hydrogen
will be investigated.

All consortium partners are delighted to be part of this important
energy storage project which further substantiates the enabling
position of hydrogen technologies for renewable energy integration.
The importance that the EU places on hydrogen technologies, that hold
the key to solving utility-scale energy storage issues of today and
tomorrow, is gratifying for the companies involved. The technologies
at the core of INGRID Project are well placed and proven to enable
greater renewable power generation around the globe.

About McPhy Energy

McPhy Energy was created in 2008, with the mission to
industrialize and commercialize an innovative solid hydrogen storage
technology using magnesium hydrides, which offers unique advantages
compared to other hydrogen storage solutions. The technology
addresses the merchant hydrogen and renewable energy markets. McPhy
owns exclusive rights on a portfolio of unique patents, which results
from over 8 years of research at the CNRS and CEA, in partnership
with Joseph Fourier University. Member of the TENERRDIS cluster,
McPhy Energy is involved as a partner or a subcontractor in several
research projects. For further information, see http://www.mcphy.com

Photo: http://photos.prnewswire.com/prnh/20120723/546191

Rückfragehinweis:
For further information, contact: Pascal Mauberger, Chief
Executive Officer, Tel: +33-476-278-017 / +33-475-713-702,
pascal.mauberger@mcphy.com

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